Jefferies Lifts PT on FMC Corp. (FMC) Post Q4

February 11, 2013 10:26 AM EST
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Price: $60.31 +1.63%

Rating Summary:
    8 Buy, 10 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies raised its price target on FMC Corp. (NYSE: FMC) from $66 to $68, but trimmed estimates following Q4 results. The firm reiterated a Buy rating.

"FMC's Q4 results revisited the familiar themes as strength in Ag offset incremental softness in the more cyclical chemicals product lines," the analyst comments. "Given a weaker outlook for soda ash and lithium, we are lowering 2013E $0.10 to $3.90. Evidence of a tailwind from new product introductions in Ag leads us to reiterate our Buy rating."

For an analyst ratings summary and ratings history on FMC Corp. click here. For more ratings news on FMC Corp. click here.

Shares of FMC Corp. closed at $59.82 yesterday.

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